| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Fairmont Park | $116,098 | -12.7% | $119,900 | $133,000 | - | Norfolk | $174,000 | -1.2% | $183,000 | $176,111 | - |
The median sales price for homes in Fairmont Park for Aug 09 to Oct 09 was $116,098. This represents a decline of 3.2%, or $3,802, compared to the prior quarter and a decrease of 12.7% compared to the prior year. The median sales price of $116,098 for Fairmont Park is 33.28% lower than the median sales price for Norfolk VA.
Average listing price for homes on Trulia in Fairmont Park was $134,490 for the week ending Nov 25, which represents an increase of 1%, or $1,271 compared to the prior week and a decline of 2.7%, or $3,740, compared to the week ending Nov 04. Average price per square foot for homes in Fairmont Park was $106 in the most recent quarter, which is 48.29% lower than the average price per square foot for homes in Norfolk.
| Neighborhood | Week ending Nov 25 | w-o-w | Week ending Nov 18 | Week ending Nov 11 | Week ending Nov 4 |
|---|---|---|---|---|---|
| Fairmont Park | $134,490 | +1.0% | $133,219 | $135,909 | $138,230 | Norfolk | $299,800 | +0.4% | $298,621 | $300,059 | $299,784 |
| Neighborhood | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Fairmont Park | $106 | -4.5% | $100 | $111 | - | Norfolk | $205 | +46.4% | $140 | $140 | - |
| Neighborhoods | Week ending Nov 25 |
w-o-w | Week ending Nov 18 |
Week ending Nov 11 |
|---|---|---|---|---|
| Ghent | 1 | — | 1 | 1 |
| Bay View | 2 | +11 | 13 | 4 |
| Park Place | 3 | +3 | 6 | 3 |
| Fairmont Park | 4 | +1 | 5 | 11 |
| Ballentine Place | 5 | +6 | 11 | 14 |
| West Ocean View | 6 | -2 | 4 | 12 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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